Smartphone penetration hits 98% of Bahamians
Just 2 percent of Bahamians do not own a smartphone or tablet, communications regulators have revealed, with total mobile connections exceeding the size of the country’s population.
Aggressive Freeport push ‘may be what is needed’
A Freeport hotelier has backed the Government’s “aggressive” approach to reviving Freeport’s tourism industry and wider economy, saying: “Maybe that’s what’s needed.”
Investor ‘fraud’ concerns on $60m Cat Island resort
The Government was last night urgently reviewing the legitimacy of a $60m Cat Island resort project after its principals were charged by US federal regulators with playing key roles in a multi-million dollar investment fraud.
The IMF’s “Inconclusive” Concluding Statement – PART II
Part II concludes assessment of “The Bad” (see Part I) points in the IMF statement starting with the paradox of the recommendation for increased interest rates and then consider the “The Concerning” issues.
Grove businesses: Murder rise ‘too close for comfort’
Businessmen in the Coconut Grove area yesterday urged the Royal Bahamas Police Force to “step up patrols” as the recent surge in murders is “just a little too close for comfort”.
Arawak Cay chief eyes two further Fish Frys
The Arawak Cay Association’s president yesterday said two new Fish Fry-style destinations need to be created on New Providence as he moves to bring new stalls appearing east of Arawak Cay Drive into his membership.
Health Visa providers warned on testing end
Health Travel Visa providers have been informed that the scheme’s COVID testing component will soon end, it was confirmed yesterday, amid assertions they have been given two months’ warning by the Government.
‘One hand tied behind its back’
Abaco businesses and residents are voicing concerns over the imminent deadline by which they must submit applications for the continuation of Hurricane Dorian-related tax relief.
Gas stations warn on staffing, volume cuts
Gas station operators are warning they will now have to start slashing staff hours and the volume of fuel they purchase from wholesalers after per gallon prices breached the $6 mark.
Regulatory easing for BTC on double-digit mobile fall
Regulators are proposing to ease the Bahamas Telecommunications Company’s (BTC) regulatory burden after its mobile revenue share suffered annual double-digit declines in each of the five years after Aliv entered the market.
Geo-monopoly
ActivTrades
Prices plummeted around the world after Russian troops invaded Ukraine. But no stock exchange has been hit as hard as the Moscow Stock Exchange.
Breaking down inflation and the policy response
To kickstart this article, let us make clear that a small amount of inflation is a good thing.
FINCO chief warns on low growth ‘challenge’
FINCO’s chairman has warned shareholders it will “continue to be challenged” with low growth and credit losses despite a more than four-fold increase in net income to $39.235m for the 2021 financial year.
URCA: What’s App won’t fully replace mobile calling
What’s App and other over-the-top (OTT) applications are “unlikely” to fully replace traditional mobile phone calls and text messages despite their 97 percent penetration of the Bahamian subscriber base, regulators believe.
DEREK SMITH: Climate change risks key board discussion
Continued attention is being paid to climate change. In 2020, billionaires such as Jeff Bezos announced the establishment of a $10m fund to combat climate change.
